The Just value is the total parcel assessment (less any considerations
for the cost of sale). This is the closest value to Fair Market Value we
produce and is dated as of January 1st of the tax year in question (F.A.C. 12D-1.002).

The Market Assessed value is the total parcel assessment (less
any considerations for the cost of sale) based upon the assessment standard. Most
parcels are assessed based either upon the Highest and Best Use standard
or the Present Use standard (F.S. 193.011) . For Agriculturally Classified
parcels (or parts thereof), only agricultural uses are considered in the assessment
(F.S. 193.461 (6) (a)). The difference between the Highest
and Best Use/Present Use and the Agricultural Use is often
referred to as the Agricultural Exemption.
(i.e. Market Assessed = Just - Agricultural Exemption)

The Capped Assessed value is the Market Assessment
after any Save Our Homes or 10% Assessment Limitation cap is applied. This assessment
cap is applied to all properties and limits year-to-year assessment increases to either the
Consumer Price Index or 3%, whichever is lower for Homestead properties OR 10% for non-Homestead properties.

The Taxable value is the Capped Assessment after
exemptions (Homestead, etc.) are applied to it. This is
the value that most taxing authorities use to calculate a parcel's taxes.
(i.e. Taxable = Capped Assessed - Exemptions)